Economic environment and starting conditions of East German companies in 1990

Torsten Wulf and Harald Hungenberg
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Torsten Wulf: Erlangen-Nuremberg
Harald Hungenberg: Erlangen-Nuremberg

Chapter 2 in Transition Strategies, 2002, pp 13-27 from Palgrave Macmillan

Abstract: Abstract A number of different studies on the transition process in East Germany has shown that in 1990, at the beginning of their adaptation processes, formerly state-owned industrial companies in East Germany faced a rather difficult situation. They lacked competitive products and financial resources, their operations were mostly inefficient, and they possessed a high surplus of employees – to name but a few of their problems.1 These deficits can be attributed to two main causes, the heritage from socialist times and the pace at which the institutional transformation from a socialist towards a market economy was carried out in East Germany.2

Keywords: Market Orientation; External Relation; Adaptation Problem; Social Market Economy; Social Union (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0771-4_2

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DOI: 10.1057/9781403907714_2

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